Punjab Development Authorities earns Rs 71.69 cr from e-auction of properties

Punjab Development Authorities earns Rs 71.69 cr from e-auction of properties

Agency News

Chandigarh, Jul 11 : Punjab Urban Development Authority (PUDA) and other Special Development Authorities have earned revenue amounting to Rs 71.69 crore from auction of various properties offered in the July e-auction.

Properties disposed off include industrial plots, SCOs, booths, double storey shops, built-up booths, shops and residential plots. E-auction had commenced on July one, a spokesperson said here on Thursday.

Divulging the details, he said that revenue amounting to Rs 43.50 cr in GMADA, Rs 14.96 cr in JDA, Rs 5.38 cr in BDA, Rs 3.91 cr in PDA, Rs 3.29 cr in GLADA and Rs 65 lakhs in ADA has been generated. He said that properties auctioned are located in Mohali, Patiala, Ludhiana, Jalandhar, Bathinda, Gurdaspur, Batala, Malout, Mukerian, Phillaur and Abohar.

He informed that under jurisdiction of GMADA, five industrial plots ranging in size 0.5 acres to 1.26 were successfully auctioned. These industrial plots are located in Sector 83 Alpha and Sector 101 Alpha near the International Airport. Other than this, successful bids were received for three residential plots and four booths. These plots and booths are located in different sectors/projects of GMADA, he said.

Punjab Housing and Urban Development Minister-cum-PUDA Co-Chairman Sukhbinder Singh Sarkaria expressed satisfaction over the outcome of the e-auction. He said the possession of sites auctioned shall be handed over to the allottees as per schedule. The earnest money of unsuccessful bidders shall be refunded soon, he added. (UNI)